Home loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2012
Dear Sir,
As payment of home loan interest upto 150000/- is allowed as deduction. Please let me know that sum of Rs. 1.5 lacs can be claimed in a single financial year or it is allowled upto Rs. 1 lac u/s 80C and the rest amount of 50k is to claim in next FY?
Thanks & regards.
As payment of home loan interest upto 150000/- is allowed as deduction. Please let me know that sum of Rs. 1.5 lacs can be claimed in a single financial year or it is allowled upto Rs. 1 lac u/s 80C and the rest amount of 50k is to claim in next FY?
Thanks & regards.
04 November 2012
Housing interest is Rs.1.50 lakh maximum deduction is full deduction u/s.24b for self occupied property
What ever you are asking about Rs.1 lakh deduction is u/s 80C. under 80C only Housing loan principal repayment
So Housing loan principal repayment eligible u/s. 80C maximum of Rs. lakh
Housing loan interest is for self occupied property maximum of Rs.1.50 lakh is covered u/s.24b
What ever you are asking about Rs.1 lakh deduction is u/s 80C. under 80C only Housing loan principal repayment
So Housing loan principal repayment eligible u/s. 80C maximum of Rs. lakh
Housing loan interest is for self occupied property maximum of Rs.1.50 lakh is covered u/s.24b
04 November 2012
CMA Ramesh Krishnan is correct..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Dep. as per companies act
- Minimum tax payable to file Updated return
- UDIN ISSUE
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
